Can I retire at age 64 with 446,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$36,830$36,502$36,182$35,870$35,565$34,975
2 years$18,233$17,893$17,564$17,245$16,936$16,344
3 years$12,034$11,693$11,365$11,049$10,745$10,168
4 years$8,936$8,596$8,271$7,960$7,663$7,107
5 years$7,077$6,739$6,419$6,114$5,825$5,291
6 years$5,839$5,503$5,187$4,890$4,609$4,098
7 years$4,954$4,622$4,311$4,020$3,749$3,259
8 years$4,291$3,962$3,656$3,372$3,110$2,643
9 years$3,776$3,449$3,149$2,872$2,619$2,174
10 years$3,364$3,040$2,745$2,476$2,232$1,809
11 years$3,027$2,707$2,417$2,155$1,919$1,518
12 years$2,746$2,429$2,145$1,890$1,663$1,283
13 years$2,509$2,195$1,916$1,669$1,450$1,090
14 years$2,306$1,996$1,722$1,481$1,271$931
15 years$2,130$1,823$1,554$1,321$1,119$798
16 years$1,976$1,673$1,409$1,183$989$686
17 years$1,840$1,540$1,282$1,063$877$592
18 years$1,720$1,423$1,171$958$780$511
19 years$1,612$1,319$1,072$865$695$443
20 years$1,516$1,226$984$784$621$384
21 years$1,428$1,142$905$711$556$334
22 years$1,349$1,066$834$647$498$290
23 years$1,277$997$770$589$447$253
24 years$1,211$934$712$537$402$220
25 years$1,150$876$659$491$362$192
26 years$1,094$824$612$449$326$168
27 years$1,042$775$568$411$294$147
28 years$994$731$528$376$265$128
29 years$949$689$491$345$239$112
30 years$908$651$458$317$216$98
31 years$869$615$427$291$195$86
32 years$833$582$398$267$177$75
33 years$799$551$372$246$160$66
34 years$767$523$347$226$145$58
35 years$737$496$325$208$131$50
36 years$708$470$304$192$119$44
37 years$682$447$284$177$108$39
38 years$656$425$266$163$98$34
39 years$632$404$249$150$89$30
40 years$610$384$234$138$80$26
41 years$588$366$219$128$73$23
42 years$568$348$206$118$66$20
43 years$548$332$193$109$60$18
44 years$530$316$181$100$54$15
45 years$512$302$170$93$49$14
46 years$495$288$160$86$45$12
47 years$479$275$150$79$41$10
48 years$464$262$141$73$37$9
49 years$449$250$133$68$34$8
50 years$435$239$125$63$31$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $446,000, adding $5,679 every year, while hoping to spend $28,277 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/30/16 Blend
63$446,000$446,000$446,000$446,000
64$497,350$473,712$466,799$521,790
65$517,993$466,837$452,350$532,222
66$539,794$458,678$436,470$540,073
67$562,841$449,141$419,080$547,985
68$587,231$438,129$400,099$555,970
69$613,068$425,537$379,442$564,045
70$640,468$411,255$357,020$572,228
71$669,556$395,167$332,740$580,543
72$700,469$377,149$306,505$589,016
73$733,358$357,070$278,214$597,679
74$768,387$334,793$247,761$606,569
75$805,736$310,171$215,034$615,729
76$845,602$283,051$179,919$625,208
77$888,201$253,268$142,294$635,064
78$933,771$220,652$102,034$645,363
79$982,571$185,018$59,007$656,181
80$1,034,884$146,176$13,076$667,603
81$1,091,025$103,921$0$679,728
82$1,151,336$58,039$0$698,803
83$1,216,192$8,304$0$721,601
84$1,286,008$0$0$746,058
85$1,361,237$0$0$787,392
86$1,442,376$0$0$834,963
87$1,529,974$0$0$886,354
88$1,624,632$0$0$941,924
89$1,727,011$0$0$1,002,065
90$1,837,838$0$0$1,067,208
91$1,957,911$0$0$1,137,828
92$2,088,109$0$0$1,214,446
93$2,229,397$0$0$1,297,638
94$2,382,839$0$0$1,388,033
95$2,549,602$0$0$1,486,327
96$2,730,971$0$0$1,593,283
97$2,928,362$0$0$1,709,743
98$3,143,330$0$0$1,836,631
99$3,377,587$0$0$1,974,964
100$3,633,017$0$0$2,125,865